Indonesian Political, Business & Finance News

Matahari to enter Yemen

| Source: JP

Matahari to enter Yemen

JAKARTA (JP): Publicly listed retailer Matahari Group said
last week it would expand its business to Yemen.

Matahari's chairman Hari Darmawan said the company would
cooperate with the local Shoumaela Group to facilitate the move
into Yemen.

"Shoumaela has prepared a 2,000 square meter building to be
used for the permanent exhibition of Matahari products, which
later could be used as a wholesale center for Yemen businesses
wanting to sell our products," he told Antara in Yemen's capital,
Sana'a.

Matahari products to be displayed in Sana'a would include
clothes, shoes, toys, foods and household appliances, he said.

In the long-term, Matahari would establish its business in the
free trade zone area of Aden for entry into the North African
market, he said.

Matahari currently operates 73 stores nationwide. (cst)

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